Optional Services
HOA Bookkeeping and Tax Returns
Serving on an HOA board can sometimes be time consuming especially when it comes
to the accounting side of things. As a volunteer it's tough to find time to dedicate to
making sure the HOA financials are healthy.
Did you know that Easy HOA provides a bookkeeping and tax preparation service
for HOAs that use its software?
Benefits Include:
A layer of transparency between the board and the HOA. The owners inside of the HOA know that there is a 3rd party performing the services and it allows for a 2nd set of eyes to be on the books.
It makes the owners of the HOA feel safe and secure knowing that there is a professional accurately checking and classifying each transaction to ensure that every dollar is properly accounted for.
HOA accounting reports are always up-to-date and accurate. This helps take the burden off of the board when there is an up-coming board meeting and the owners want to see the financial reports.
Board member positions are not permanent and having a dedicated team to provide all of the bookkeeping and accounting ensures that you never have to find a new person to do it every time a volunteer board member's term is over.
Our in-house accountant is Nick Stoddard. If you haven't had a chance to work with
him you should, he is super talented and we are happy to have him on our team :)
Nick has been proven to be a key player on our support team with a specialty
in working with clients that need help with our built-in accounting tools.
He also takes care of all of our bookkeeping and accounting clients each month and
has helped those HOAs prepare their annual tax form each year.
Here is a list of bookkeeping and tax preparation services that Nick can perform for your HOA for an additional ongoing fee:
Build your HOA budget and forecast
Build the Chart of Accounts for your HOA
Connect your HOA bank account to the EasyHOA software
Classify and reconcile every single bank transaction on a monthly basis
Cross-reference bank account statements with transactions in the software
Provide up-to-date accounting reports
Prepare an annual 1120-H for review at year end or at the end of your accounting year.